Los Angeles, CA 90038,5727 Virginia Avenue
Los Angeles, CA 90038,5727 Virginia Avenue
Los Angeles, CA 90038,5727 Virginia Avenue
7
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$2,100,000
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6,544 SqFt
Active

5727 Virginia Avenue Los Angeles, CA 90038

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Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 6,544 sqft

Price per Sqft $320

MLS Listing ID CL25523391

HOA Y/N No

Year Built 1964

Lot Size 7,502 Sqft

Acres 0.17

Property Sub-Type Other

Property Description

We are pleased to present 5727 Virginia Ave, an 11 unit offering in a prime Hollywood location just north of Santa Monica Blvd and west of Wilton in a pocket of Hollywood that has seen tremendous growth. The subject property was built in 1964 and boasts and excellent unit mix consisting of (5) Studio, 1 Bath, (3) 1 Bed, 1 Bath, (2) 2 Bed, 1 Bath and (1) 3 Bed, 1 Bath units spread out over 6,544 square feet. Currently there is 1 vacant unit. The building sits on a 7,500 square foot lot that is zoned LAR3. With over 30% upside in rents, the investment offers investors the opportunity to capitalize on a market that is continuing to see tremendous growth and development, with trendy bars, restaurants, and shopping surrounding the area. Notably, the property is near major developments like Echelon Studios, a cutting-edge entertainment village featuring 110,000 square feet of production facilities and creative office space. This strategic location positions 5727 Virginia Ave for strong future appreciation and investment growth.

Location

State CA

County Los Angeles

Zoning LAR3

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Utilities Available Other Water/Sewer

View Y/N true

View City Lights

Building

Water Other

New Construction No

Others

Tax ID 5536006008


Bridge MLS
Listed by William James • Lyon Stahl Investment Real Estate, Inc.

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agent

Ian Stapp

Agent | CA DRE#02177046

+1(209) 765-4712

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5727 Virginia Avenue